Price: 2.293 | EMA7: 2.23 | EMA25: 1.75 | RSI14: 56.53 | Resistance: 3.226 | Support: 0.7 | Average Volume: 18259019.72 | Volume Trend: Decreasing
Based on the 1-week technical analysis of EPICUSDT, here's my assessment:
The current price is around 2.293, which is above the EMA7 (2.232) and EMA25 (1.750). The RSI14 is indicating a neutral reading around 56, which suggests that the price is not oversold but not overbought either. The MACD is also above the zero line, indicating a bullish trend.
For a long entry:
* Look for a breakout above the 3.226 resistance level for a potential long entry.
* Consider taking the long entry around 2.35-2.40, as this price level appears to be a point of convergence between the EMA7 and EMA25.
For a short entry:
* Look for a breakdown below the support level of 0.7 for a potential short entry.
* Consider taking the short entry around 2.20-2.25, as this price level appears to be a point of resistance between the EMA7 and EMA25.
For spot buying:
* Consider buying around 1.85-1.90, as this area appears to be a good support level that could act as a buy the dip opportunity.
Please note that this is just a technical analysis and does not take into account fundamental analysis or any other factors. It's essential to consider multiple perspectives and adjust your strategy accordingly.